Month: May 2022

BlackRock Warning Fed Rate Hikes May Trigger Recession

The U.S. Federal Reserve’s attempt to rein in inflation by raising interest rates might end up pushing the country into a recession, BlackRock, the world’s largest asset manager, recently warned in a note. “The Fed’s hawkish pivot has raised the risk that markets see rates staying in restrictive territory,” the note said, according to Fox…


Phone and Internet Complaints Are Soaring: Australian Authorities

Australian authorities have seen a sharp increase in phone and internet complaints made across the country, partly due to poor customer service and billing issues. According to a new report, The Telecommunications Industry Ombudsman received over 22,200 complaints in the March quarter, up 21 percent from the previous three months. The report listed various problems…


Beijing Pursues Pacific Security, Data Bloc to Entrench Influence

Chinese Foreign Minister Wang Yi’s visit to the Pacific will coincide with attempts by Beijing to advance a South Pacific-wide deal with 10 island nations covering areas such as policing, security, and data communication, according to a leaked draft of the agreement. The expansive pact is the latest step by the Chinese Communist Party (CCP)…


Beijing In Pursuit of Pacific Security, Data Bloc to Entrench Influence

Chinese Foreign Minister Wang Yi’s visit to the Pacific will coincide with attempts by Beijing to advance a South Pacific-wide deal with 10 island nations covering areas such as policing, security, and data communication, according to a leaked draft of the agreement. The expansive pact is the latest step by the Chinese Communist Party (CCP)…


Beijing Pursuing Pacific-Wide Trade, Security, Data Pact to Entrench Influence

Chinese Foreign Minister Wang Yi’s visit to the Pacific will coincide with attempts by Beijing to advance a South Pacific-wide deal with 10 island nations covering areas such as policing, security, and data communication, according to a leaked draft of the agreement. The expansive pact is the latest step by the Chinese Communist Party (CCP)…


Beijing Pursuing Pacific-Wide Trade, Security Pact to Entrench Influence

Chinese Foreign Minister Wang Yi’s visit to the Pacific will coincide with attempts by Beijing to advance a South Pacific-wide deal with 10 island nations covering areas such as policing, security, and data communication, according to a leaked draft of the agreement. The expansive pact is the latest step by the Chinese Communist Party (CCP)…


‘Too Slow’: FDA Admits Delayed Response to Complaints About US Baby Formula Plant

WASHINGTON—The U.S. Food and Drug Administration’s (FDA) initial response to complaints about Abbott’s infant formula plant was “too slow” and some decisions could have been “more optimal,” the FDA’s top official said while facing a grilling from lawmakers on Wednesday. FDA Commissioner Dr. Robert Califf appeared before a congressional panel to answer questions about the FDA’s…


On How Stagflation Arises

The worry of stagflation is spreading widely, as more disappointing economic data is released since the start of the rate hike. Regardless of the warning by authoritative scholars, the real side of the western world is still very strong. Inflation is certainly high, but stagnation is not yet seen. In the current context, to claim…


Hidden Italy: Puglia

They are weird, and strange, and feel somewhat otherworldly. Approaching them on foot felt a little like discovering an alien village in some outer-space sci-fi movie, not a UNESCO-protected settlement in the south of Italy. Climbing a small rise, the details of the tiny dwellings become clear—round, white-washed base with a conical roof, some splashed…


People Switching Jobs at Highest Rate in a Decade in Australia

Job mobility in Australia rose to the highest level in a decade, with almost one in ten employed people switching jobs in the 12 months to February, according to the Australian Bureau of Statistics (ABS). ABS head of labour statistics Bjorn Jarvis said job mobility had been trending downwards for decades before reaching a record…